SBI Clerk Salary – The SBI Clerk salary is one of the most attractive aspects of this job, making it highly sought after by job aspirants. The basic salary for an SBI Clerk is approximately ₹19,900 per month, which increases with annual increments based on the length of service. In addition to the basic salary, employees receive various allowances, including Dearness Allowance (DA), House Rent Allowance (HRA), Special Allowance, and Transport Allowance. These can significantly boost the overall salary, depending on the location and other factors.
SBI Clerk Salary 2025
Apart from the salary, SBI Clerk employees enjoy numerous benefits, such as medical insurance, pension schemes, and leave benefits. The job also offers excellent career growth opportunities, with chances for promotion to higher positions like Assistant Manager, Deputy Manager, and beyond. The total in-hand salary typically ranges between ₹22,000 to ₹25,000 per month, depending on the city of posting. Moreover, the work environment at SBI is supportive, offering stability and long-term career prospects. With these factors combined, the SBI Clerk position is highly attractive for anyone seeking a secure and rewarding career in the banking sector.
SBI Clerk Salary Structure 2025
The SBI Clerk salary in 2024 consists of a basic salary, along with various allowances such as Dearness Allowance (DA), House Rent Allowance (HRA), Transport Allowance, and Special Allowance. Additionally, employees enjoy benefits like medical insurance, pension plans, and leave privileges, varying by location and role. SBI Clerk Salary 2024-25: The State Bank of India releases the salary of junior associate posts. The monthly pay for the SBI clerk posts is approximately Rs 40,000. Check here about perks and allowances, in hand salary, benefits, job profile and more.
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Deductions from SBI Clerk Salary
The gross salary is the total amount before any deductions, while the in-hand salary is the amount you receive after deductions. These deductions, which are mandated by the government, include taxes, provident fund (PF), and other retirement savings, reducing the gross salary to the final take-home amount.
- Provident Fund (PF): A portion of your salary is deducted for retirement savings.
- Professional Tax: This tax is deducted based on the state where you are employed.
- National Pension Scheme (NPS): A deduction made for contributing to your future pension plan.
After deductions, the in-hand salary is the amount you can use.
Deductions Breakdown
Here’s a breakdown of the deductions from the salary details:
| Deductions | Amount (in INR) |
| Provident Fund (PF) | ₹200 |
| Professional Tax | ₹200 |
| NPS Contribution | ₹3,273 |
| Total Deductions | ₹3,673 |
These government deductions ensure employees save for retirement and have a pension plan for the future financial security.
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SBI Clerk Salary: Annual Package
The total annual package for an SBI Clerk is approximately ₹4.92 lakhs, including salary, allowances, and other benefits. This package ensures strong financial security, making the position an attractive choice for those seeking a stable career and growth opportunities within the banking sector.
SBI Clerk Salary Breakdown
| Component | Amount (in INR) |
| Basic Pay | ₹26,730 |
| Dearness Allowance (DA) | ₹6,168.51 |
| House Rent Allowance (HRA) | ₹2,862.83 |
| Transport Allowance | ₹850 |
| Special Allowance | ₹7,083.45 |
| Special Pay | ₹1,200 |
| Gross Salary | ₹44,894.79 |
| Deductions | ₹3,673 |
| Net Pay (In-hand Salary) | ₹41,221.79 |
The gross salary totals ₹44,894.79, but after deductions of ₹3,673 for taxes and retirement savings, the in-hand salary is approximately ₹41,221.79, or around ₹41,000.
Career Growth & Promotions
SBI offers excellent career growth for Clerks through two main types of promotions: vertical and horizontal.
- In-cadre Promotion: After a few years, a Clerk can be promoted to a higher position, such as Senior Associate.
- Promotion to Officer Cadre: Clerks can move to Officer roles after passing exams like JAIIB and CAIIB.
Promotions offer employees a chance for a great career, with higher positions bringing better salaries and increased responsibilities, leading to further growth and development opportunities.
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Basic Pay & Allowances
The basic pay for an SBI Clerk starts at ₹24,050, with additional allowances like Dearness, House Rent, Transport, and Special Allowance.
- Dearness Allowance (DA) helps cover the rising cost of living and is calculated as a percentage of basic pay.
- House Rent Allowance (HRA) is provided to employees living in rented accommodation to help cover their rent expenses.
- Transport Allowance helps cover commuting costs, including travel expenses for employees to and from their workplace.
- Special Allowance is a fixed percentage of basic pay, varying for each employee based on their basic salary amount.
When allowances are added, the gross salary increases, but deductions like taxes and savings reduce the take-home salary.
Perks & Benefits
SBI Clerks enjoy various perks and benefits along with their regular salary, making the job more attractive. Here are some benefits:
- Medical Benefits: SBI covers medical expenses, including treatment for serious diseases and hospitalization.
- Conveyance Allowance: Employees receive a refund for travel costs, based on their location and travel mode.
- Newspaper Allowance: SBI Clerks are given money to cover newspaper costs.
- Other Allowances: Employees may receive additional benefits like refunds for petrol/diesel and phone bills, depending on the job and location.
These extra benefits make the job more appealing for those seeking a stable banking career.
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Annual Increments in Salary
SBI Clerks receive annual increments, meaning their salary increases each year based on their tenure. Over time, the basic pay also rises, leading to a higher overall salary.
Your basic pay increases regularly with long-term service. Here’s how salary increments work for SBI Clerks over time.
| Basic Pay | Increment | Period | Years of Service |
| ₹24,050 | ₹1,340 | 3 years | 3 years |
| ₹28,070 | ₹1,650 | 3 years | 6 years |
| ₹33,020 | ₹2,000 | 4 years | 10 years |
| ₹41,020 | ₹2,340 | 7 years | 17 years |
| ₹57,400 | ₹4,400 | 1 year | 18 years |
| ₹61,800 | ₹2,680 | 1 year | 19 years |
The salary increases over time as a reward for your hard work and loyalty to the bank, reflecting appreciation for your service.
Conclusion
The SBI Clerk Salary is competitive and includes many allowances and benefits. Starting pay is approximately ₹41,000. Your compensation will grow with annual increments, promotions, and other benefits. This indicates that working as a Clerk at SBI can lead to a successful career. Preparing for the SBI Clerk Exam requires confidence in the job’s financial security and growth potential.
SBI Clerk Salary FAQ’S
What is the basic pay for an SBI Clerk in 2024?
The basic pay starts at ₹24,050 and increases with annual increments.
What is the in-hand salary of an SBI Clerk in 2024?
The in-hand salary is around ₹41,000 per month after deductions.
What allowances are included in the SBI Clerk salary?
Allowances include DA, HRA, Transport, Special Allowance, and more.
What are the deductions in the SBI Clerk salary?
Deductions include PF, Professional Tax, and NPS contributions.
Are there annual increments in the SBI Clerk salary?
Yes, there are annual increments based on years of service.
What perks and benefits do SBI Clerks get?
Perks include medical benefits, conveyance allowance, newspaper allowance, and more.
What career growth opportunities exist for SBI Clerks?
Clerks can be promoted within their cadre or move to officer roles after passing exams like JAIIB and CAIIB.
What is the annual salary package for an SBI Clerk in 2024?
The annual package is approximately ₹4.92 lakhs.
What are the responsibilities of an SBI Clerk?
Clerks handle tasks like cash management, customer service, and account management.
Where can I find more details about the SBI Clerk recruitment?
Visit the official SBI website for more information.